---
kind: "section"
citation: "24 C.F.R. § 232.560"
title: "24"
number: "232.560"
heading: "Interest rate."
url: "https://uscodex.org/cfr/24/232.560"
---

# §232.560. Interest rate.

- (a) The loan shall bear interest at the rate agreed upon by the lender and the borrower.
- (b) Interest shall be payable in monthly installments on the principal amount of the loan outstanding on the due date of each installment.

## Notes

### Amendments

[39 FR 28966, Aug. 12, 1974, as amended at 53 FR 3366, Feb. 5, 1988; 53 FR 8885, Mar. 18, 1988]

### Source

Source: 39 FR 28966, Aug. 12, 1974, unless otherwise noted.

### Authority

Authority: 12 U.S.C. 1715b, 1715w, 1735d, and 1735f-19; 42 U.S.C. 3535(d).

### Source

Source: 36 FR 24618, Dec. 22, 1971, unless otherwise noted.

### Amendments

[39 FR 28966, Aug. 12, 1974, as amended at 53 FR 3366, Feb. 5, 1988; 53 FR 8885, Mar. 18, 1988]